Zomato Limited – Completes Allocation to Anchor Investors

Zomato Limited which is tapping the capital markets with its fresh issue of Rs 9,000 crs and an offer for sale of Rs 375 crs, in a price band of Rs 72-76, completed allocation to anchor investors. The issue opens on Wednesday the 14th of July and closes on Friday the 16th of July.

The company allotted 55,21,73,505 equity shares at Rs 76 to 100 anchor investors comprising of 186 entities. This makes this the largest allocation in terms of number of entities in recallable history.

The highest allocation of 2,16,10,095 shares or 3.91% was made to New World Fund. This was followed by Tiger Global Investment Funds who were allotted 2,13,76,290 shares or 3.87% of the anchor book.

Domestic mutual funds were allotted 18,41,04,960 shares or 33.34% of the anchor book. There were 19 anchor investors comprising of 74 schemes.

The list of anchors is really large and seems to include almost all names that one sees in anchor books across companies tapping the capital markets.

Full list of anchor allotment with names of schemes is given below: –

Clean Science Technology Limited – Issue subscribed 95 times

Clean Science Technology Limited which had tapped the capital markets with its offer for sale to raise Rs 1,546.22 was subscribed 95.54 times. The issue had opened on Wednesday the 7th of July and closed on Friday the 9th of July. The price band was Rs 880-900.

Earlier the company had allotted 51,55,404 shares at Rs 900 to 25 anchor investors comprising of 41 entities. The highest allocation was made to 3 entities equally comprising of 4,44,437 shares or 8.62% of the anchor allocation. These were Government of Singapore, Nomura Trust and Ashoka India Opportunities Fund. This was followed by an allocation of 2,93,101 shares or 5.68% to HDFC mutual Fund, Axis Mutual Fund and SBI Mutual Fund. This was followed by an allocation of 2,77,776 shares or 5.39% to two entities, namely Blackrock and Aberdeen Global.

The issue was subscribed 159.93 times by QIB’s, HNI portion was subscribed 211.12 times and Retail portion was subscribed 9.20 times. There were 26.94 lac applications and on basis of lots the retail portion was subscribed 7.17 times.

The issue garnered subscription of over Rs 1,03,900 crs. The HNI portion received bids for Rs 49,000 crs.

The full details of the subscription are given below: –

Clean Science Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3436936 549662848 159.93
HNI 2577703 544213616 211.12
Retail

6014639 55353696 9.20
Total

12029278 1149230160 95.54

G R Infraprojects Limited – Issue subscribed over 102 times

G R Infraprojects Limited which had tapped the capital markets with its offer for sale of 1,15,08,704 equity shares, was subscribed 102.58 times. The company received excellent support from all the categories of investors. The issue had opened on Wednesday the 7th of July and closed on Friday the 9th of July. The price band was Rs 828-837.

Earlier the company had allotted 33,85,110 shares at Rs 837 to 22 anchor investors comprising of 47 entities. The highest allocation was made to Smallcap World Fund who was allotted 6,21,282 shares forming 18.35% of the anchor allocation. This was followed by ICICI who was allotted 2,21,051 shares or 6.51% of the anchor allocation. This was followed by an equal allocation of 2,03,099 shares or 6% to 4 investors where one was an FPI and three were domestic entities. These were Abu Dhabi Investment Authority, Nippon India, SBI Mutual Fund and HDFC Mutual Fund.

The top six anchor investors were allotted a total of 16,54,729 equity shares or 48.86% of the anchor book.

The QIB portion was subscribed 168.58 times, HNI portion was subscribed 238.04 times and Retail portion was subscribed 12.57 times. Employee portion was subscribed 1.37 times. There were 23.80 lac applications and on basis of lots the retail portion was subscribed 10.25 times.

The issue garnered subscription of over Rs 70,100 crs. The HNI portion received bids for Rs 33,763 crs.

The full details of the subscription are given below: –

G R Infra Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 2256741 380437067 168.58
HNI 1692556 402903842 238.04
Retail

3949297 49656184 12.57
Employee 225000 307445 1.37
Total

8123594 833304538 102.58
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